"this is no longer a buy-the-dip market"
CTA Caesar says this is no longer a "buy the dip" market
1. "SPX is currently through GS short term CTA threshold trigger for the first time since May 24th and below the S&P500 50-day moving average. There has been a clear shift in sentiment over the past few weeks..."
2."Investors have shifted their trading behavior from a BTD “Buy the dip” market to STR “Sell the Rally” market. This is a new change in tone and sentiment. This is something that I have not said often..." (Scott Rubner)